Difference between revisions of "Wise"

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{{DISPLAYTITLE:Wise – Multi-Currency Bank Account}}
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{{Head
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'''Wise''' (formerly TransferWise) is finance company from the UK, offering both a service to '''send & receive money abroad''' and an '''online bank account'''.
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|Wise
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|Multi-Currency Bank Account
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|'''{{AffLink|Wise|wise}}''' (formerly TransferWise) is finance company from the UK, offering both a service to '''send & receive money abroad''' and an '''online bank account'''.
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}}
 
The bank account comes with:
 
The bank account comes with:
  
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* multiple account numbers for various countries, to send & receive money in different currencies
 
* multiple account numbers for various countries, to send & receive money in different currencies
  
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== Frequently Asked Questions (FAQ) ==
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{{FAQ|
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{{FAQ/Item|q= Which documents do I need to open an account? |a=
  
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=== Which documents do I need to open an account? ===
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Wise accepts citizens from all countries.<ref>{{Cite|url=https://wise.com/help/articles/2977982/i-dont-have-the-documents-you-asked-for|date=2022-05-01|quote=In this article, we’ll let you know what kinds of ID we accept around the world, as well as what to do if you have refugee status.}}</ref> A new customer must provide either a passport, national ID card or driver's license.
  
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Wise [https://wise.com/help/articles/2977982/i-dont-have-the-documents-you-asked-for accepts citizens from all countries]. A new customer must provide either a passport, national ID card or driver's license.
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}}{{FAQ/Item|q= How is my money protected? |a=
  
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=== How is my money protected? ===
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Wise "keeps your money in accounts separate from the ones they use to run their business." They "deposit your funds at banking institutions and invest them in government backed liquid assets, primarily government bonds." <ref>{{Cite|url=https://wise.com/help/articles/2949821/is-it-safe-to-keep-money-in-my-wise-account|date=2022-05-01|quote=In keeping with FCA regulations, Wise uses two approaches to safeguard your funds. We deposit your funds at banking institutions and invest them in government backed liquid assets, primarily government bonds.}}</ref>
  
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Wise "keeps your money in accounts separate from the ones they use to run their business." They "deposit your funds at banking institutions and invest them in government backed liquid assets, primarily government bonds." ([https://wise.com/help/articles/2949821/is-it-safe-to-keep-money-in-my-wise-account more info])
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}}{{FAQ/Item|q= How much does Wise cost? |a=
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=== How much does Wise cost? ===
 
  
 
* Opening and '''keeping''' the account is '''free'''.
 
* Opening and '''keeping''' the account is '''free'''.
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* However a fee of 0.07% applies if you
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** hold EUR, and
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** hold more than €3000.<ref>{{Cite|url=https://wise.com/gb/pricing/hold-fees|date=2022-05-01|quote=If you’d like to keep more than 3,000 EUR in your Wise account, we’ll charge a 0.07% fee monthly}}</ref>
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* Keeping lower amounts, or in other currencies is free.
 
* '''Paying''' with the Mastercard debit card is '''free'''.
 
* '''Paying''' with the Mastercard debit card is '''free'''.
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* '''Sending''' money to other bank accounts always costs a small, fixed fee (~€0.50).
 
* [https://wise.com/gb/multi-currency-account/pricing Read more on Wise's pricing.]
 
* [https://wise.com/gb/multi-currency-account/pricing Read more on Wise's pricing.]
  
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=== Which card do I get? ===
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}}{{FAQ/Item|q= Which card do I get? |a=
  
 
* You can get a '''Mastercard debit card'''.
 
* You can get a '''Mastercard debit card'''.
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* The card costs a [https://wise.com/multi-currency-account/pricing one-time fee of €8].
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* The card costs a one-time fee of £5 or €8.<ref>{{Cite|url=https://wise.com/gb/multi-currency-account/pricing|date=2022-05-01|quote=Order a Wise debit card: 5 GBP}}</ref>
 
* You must be a [https://wise.com/help/articles/2968915/can-i-get-the-wise-card-in-my-country resident in one of these countries].
 
* You must be a [https://wise.com/help/articles/2968915/can-i-get-the-wise-card-in-my-country resident in one of these countries].
 
* After registering a Wise account, you must [https://wise.com/help/articles/2935762/how-do-i-get-a-wise-card follow these steps].
 
* After registering a Wise account, you must [https://wise.com/help/articles/2935762/how-do-i-get-a-wise-card follow these steps].
  
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=== What account numbers can I get? ===
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}}{{FAQ/Item|q= What account numbers can I get? |a=
 
* You can get '''multiple account numbers'''.
 
* You can get '''multiple account numbers'''.
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* You must [https://wise.com/help/articles/2978028/how-do-i-get-account-details first add 20 GBP] to your account (or the equivalent in your currency).
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* You must first add 20 GBP to your account (or the equivalent in your currency).<ref>{{Cite|url=https://wise.com/help/articles/2978028/how-do-i-get-account-details|date=2022-05-01|quote=add 20 GBP to your account (or the equivalent in your currency)}}</ref>
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* You [https://wise.com/multi-currency-account/#coverage-bankdetails can then get]:
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* You can then get:<ref>{{Cite|url=https://wise.com/multi-currency-account/#coverage-bankdetails|date=2022-05-01|quote=These are the account details you can share with others to receive money.}}</ref>
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** for EUR-SEPA transfers: an IBAN from Belgium 🇧🇪
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** for EUR-SEPA transfers: an IBAN from Belgium 🇧🇪🇪🇺
 
** for USD transfers: Routing number and Account number from USA 🇺🇸
 
** for USD transfers: Routing number and Account number from USA 🇺🇸
 
** for GBP transfers: UK sort code, Account number, and IBAN from the UK 🇬🇧
 
** for GBP transfers: UK sort code, Account number, and IBAN from the UK 🇬🇧
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** for TRY transfers: Bank name and IBAN from Turkey 🇹🇷
 
** for TRY transfers: Bank name and IBAN from Turkey 🇹🇷
  
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=== In which languages can I use Wise? ===
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}}{{FAQ/Item|q= In which languages can I use Wise? |a=
  
 
* The app and the customer support are available in:
 
* The app and the customer support are available in:
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* Customer '''support''' is available [https://wise.com/help/contact on their website].
 
* Customer '''support''' is available [https://wise.com/help/contact on their website].
  
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=== Can I use Wise on my desktop computer? ===
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}}{{FAQ/Item|q= Can I use Wise on my desktop computer? |a=
  
 
Yes. You can manage your account both from your smartphone ([https://play.google.com/store/apps/details?id=com.transferwise.android Android] or [https://apps.apple.com/us/app/wise-ex-transferwise/id612261027 iOS/Apple]) and from your desktop web browser.
 
Yes. You can manage your account both from your smartphone ([https://play.google.com/store/apps/details?id=com.transferwise.android Android] or [https://apps.apple.com/us/app/wise-ex-transferwise/id612261027 iOS/Apple]) and from your desktop web browser.
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}}
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}}
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== Screenshots ==
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<gallery mode="traditional" widths=150px heights=300px>
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File:Wise.timeline.accounts.jpg|Home: Last transactions with balances by currency
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File:Wise.timeline.eur.jpg|Last transactions …
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File:Wise.timeline.pln.jpg|… filtered by currency
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File:Wise.open.jpg|Open new currency/balance or a jar
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File:Wise.stats.jpg|Transactions analysed
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File:Wise.stats.filter.jpg|Filter insights…
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File:Wise.stats.filtered.jpg|…filtered view
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File:Wise.cards.jpg|Overview of issued cards
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File:Wise.cards.limits.jpg|Card limits …
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File:Wise.cards.methods.jpg|… & settings
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File:Wise.cards.new.jpg|Issue new card
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File:Wise.send.source.jpg|Send money
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File:Wise.send.international.jpg|International (note: conversion fee is fixed)
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File:Wise.send.national.jpg|National (fee is fixed)
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File:Wise.scheduled_transfers.jpg|Scheduled transfers
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File:Wise.auto_conversions.jpg|Convert automatically when your desired exchange rate is reached
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File:Wise.account.jpg|Multiple bank account numbers
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File:Wise.recipients.jpg|Choose recipient via contacts
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File:Wise.account.receive.jpg|Allow your contacts to find you
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File:Wise.account.settings.jpg|Account settings
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</gallery>
  
 
== Alternatives ==
 
== Alternatives ==
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* There are more [[Germany/Banking|EUR bank accounts]].
 
* There are more [[Germany/Banking|EUR bank accounts]].
  
 
== Open a Wise Bank Account ==
 
== Open a Wise Bank Account ==
  
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# ↗️ {{AffLink|Click here|wise}}.
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# {{AffLink|Click here|wise}}.
 
# Click on ''Get an account in minutes''.
 
# Click on ''Get an account in minutes''.
 
# Enter your ''' email address'''.
 
# Enter your ''' email address'''.
 
# Fill out the rest of the form.
 
# Fill out the rest of the form.
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# Do the verification process.
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# Do the online verification process.
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# Top up the account with 20 GBP or EUR to get your account details.
 
  
 
[[Category:Banking]]
 
[[Category:Banking]]
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{{Notes}}

Latest revision as of 08:42, 27 June 2022

Wise[1] (formerly TransferWise) is finance company from the UK, offering both a service to send & receive money abroad and an online bank account. The bank account comes with:

  • support in 13 languages
  • no requirement of a registered address
  • no monthly fee for the standard account.
  • multiple account numbers for various countries, to send & receive money in different currencies

Questions & Answers[edit]

Which documents do I need to open an account? [edit]

Wise accepts citizens from all countries.[2] A new customer must provide either a passport, national ID card or driver's license.

How is my money protected? [edit]

Wise "keeps your money in accounts separate from the ones they use to run their business." They "deposit your funds at banking institutions and invest them in government backed liquid assets, primarily government bonds." [3]

How much does Wise cost? [edit]

  • Opening and keeping the account is free.
  • However a fee of 0.07% applies if you
    • hold EUR, and
    • hold more than €3000.[4]
  • Keeping lower amounts, or in other currencies is free.
  • Paying with the Mastercard debit card is free.
  • Sending money to other bank accounts always costs a small, fixed fee (~€0.50).
  • Read more on Wise's pricing.

Which card do I get? [edit]

What account numbers can I get? [edit]

  • You can get multiple account numbers.
  • You must first add 20 GBP to your account (or the equivalent in your currency).[6]
  • You can then get:[7]
    • for EUR-SEPA transfers: an IBAN from Belgium 🇧🇪🇪🇺
    • for USD transfers: Routing number and Account number from USA 🇺🇸
    • for GBP transfers: UK sort code, Account number, and IBAN from the UK 🇬🇧
    • for CAD transfers: Institution number, Transit number, and Account number from Canada 🇨🇦
    • for AUD transfers: BSB code and Account number from Australia 🇦🇺
    • for NZD transfers: Account number from New Zealand 🇳🇿
    • for SGD transfers: Bank code, Bank name, and Account number from Singapore 🇸🇬
    • for HUF transfers: Account number from Hungary 🇭🇺
    • for RON transfers: Bank code (SWIFT/BIC) and Account number from Romania 🇷🇴
    • for TRY transfers: Bank name and IBAN from Turkey 🇹🇷

In which languages can I use Wise? [edit]

  • The app and the customer support are available in:
    • English 🇬🇧
    • French 🇫🇷
    • German 🇩🇪
    • Italian 🇮🇹
    • Spanish 🇪🇸
    • Chinese 🇨🇳🇹🇼
    • Hungarian 🇭🇺
    • Indonesian 🇮🇩
    • Japanese 🇯🇵
    • Polish 🇵🇱
    • Portuguese 🇵🇹🇧🇷
    • Romanian 🇷🇴
    • Russian 🇷🇺
    • Turkish 🇹🇷

Can I use Wise on my desktop computer? [edit]

Yes. You can manage your account both from your smartphone (Android or iOS/Apple) and from your desktop web browser.

Screenshots[edit]

  • Home: Last transactions with balances by currency

  • Last transactions …

  • … filtered by currency

  • Open new currency/balance or a jar

  • Transactions analysed

  • Filter insights…

  • …filtered view

  • Overview of issued cards

  • Card limits …

  • … & settings

  • Issue new card

  • Send money

  • International (note: conversion fee is fixed)

  • National (fee is fixed)

  • Scheduled transfers

  • Convert automatically when your desired exchange rate is reached

  • Multiple bank account numbers

  • Choose recipient via contacts

  • Allow your contacts to find you

  • Account settings

Alternatives[edit]

Open a Wise Bank Account[edit]

  1. Click here[1].
  2. Click on Get an account in minutes.
  3. Enter your email address.
  4. Fill out the rest of the form.
  5. Do the online verification process.

Notes[edit]

  1. ↑ 1.0 1.1 This is an affiliate link. If you click on it and then buy something or sign up for a service, we may earn a commission which covers our expenses. This does not change the price for you.
  2. ↑ "In this article, we’ll let you know what kinds of ID we accept around the world, as well as what to do if you have refugee status." – source, retrieved 2022-05-01
  3. ↑ "In keeping with FCA regulations, Wise uses two approaches to safeguard your funds. We deposit your funds at banking institutions and invest them in government backed liquid assets, primarily government bonds." – source, retrieved 2022-05-01
  4. ↑ "If you’d like to keep more than 3,000 EUR in your Wise account, we’ll charge a 0.07% fee monthly" – source, retrieved 2022-05-01
  5. ↑ "Order a Wise debit card: 5 GBP" – source, retrieved 2022-05-01
  6. ↑ "add 20 GBP to your account (or the equivalent in your currency)" – source, retrieved 2022-05-01
  7. ↑ "These are the account details you can share with others to receive money." – source, retrieved 2022-05-01

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